Friday, February 7, 2014

SBA Loans Are Good For the Economy

Only $1,193,005,000 in SBA 7(a) loans were approved in the month of January.

SBA
7(a) loan volume for month of December ended up at $1,806,928,00 compared to November's $1,303,555,000 in SBA 7(a) loan approvals.Keep in mind that the correlation coefficient between SBA 7(a) loan approvals and the Gross Domestic Product is a statistically significant 0.86.If you are thinking the economy might be slowing down, you might be right. SBA loan volume is now crawling along at its weakest pace since the first quarter of 2012.